Which of the Following Will Result in an Increase in Labor

question 161

Multiple Choice

Which of the following will result in an increase in labor productivity?

• A)a decrease in the number of people attending institutions of higher education
• B)a decline in the amount of human capital per worker
• C)an increase in technology
• D)a decline in the capital stock per hour worked

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Definitions:

Profits

Net income obtained from a business's operations after subtracting expenses from revenue.

Ethical Development

The process of enhancing and enriching one’s understanding and practice of ethical standards in personal and professional contexts.

Duty

A moral or legal obligation; in commerce, it typically refers to a tax imposed on imports or exports.

Expectations

The beliefs or hopes about what is possible or likely to happen in the future.